Eur/Usd : 05/03/2015 Technical Analysis Report
5th March 2015
CFX Admin
Our Preference: Sell positions below 1.1100 with stoploss of 1.1190 and target 1.1000 in extension.
Alternative Scenario: Nill
Technical Commentary: In Weekly chart,Eur/Usd was broken major key support line of yearly low 1.1100 and its was trading near 10 years low,So avoid on buying side to carry forward. We can wait upto this week end closing for buying side :- We have shown in image.
In Daily chart, Yesterday Eur/Usd was strongly closed below yearly support level, so we can sell near key resistance level 1.1100 and we can exit near intraday support levels.
In 4 hours chart, Eur/Usd was broken equidistant channel line on lower side, so we can sell near @ 1.1100 Level.
In 1 hour chart, Eur/Usd was trading in new equidistant channel lines and its broken major key support level. so we can sell near key resistance level 1.1100.
Xau/Usd : 05/03/2015 Technical Analysis Report
5th March 2015
CFX Admin
Our Preference: Buy positions Above 1198 with target of 1209 & 1218 in extension and stoploss below 1190.
Alternative Scenario: Nill
Technical Commentary: In Weekly chart and Daily chart ,Gold was in trading triangle pattern and its was tested lower trend line and the closing was on higher and yesterday also it was tested intraday key support line, so selling volume only below 1190 levels so keep stoploss below 1190 levels and have buy entries for long term : we have shown in above image.
In 4 hours chart, Gold was trading in Equidistance channel lines and its was trading in the triangle pattern now its was trading near lower trend line so we can buy near lower trend line with stoploss below 1190 level :- we have shown in above image.
In 1 hour chart, Gold was trading in between upper trend line and lower trend line and above key support level 1198, so we can buy near lower trend line :- we have shown in above image.
Eur/Jpy : 04/03/2015 Technical Analysis Report
4th March 2015
CFX Admin
Our Preference: Sell below 133.50 With tight Stop loss of 134.20 for the target of 133.00 & 132.50 levels.
Alternative Scenario: Nill
Technical Commentary: In daily chart :- Eur/jpy was trading in the triangle pattern and near lower trend line and now its reached key support level if breaks support line means further it will move to next support level :- We have shown in image.
In 4 hour chart, Eur/Jpy was broken the triangle pattern on lower side, now its trading above the intraday key support if breaks support line means further it will move to next support level.
In 1 hour chart, Eur/Jpy was trading in the intraday triangle pattern and its trading above the intraday key support if breaks support line means further it will move to next support level:- We have shown in image.
Usd/Chf : 04/03/2015 Technical Analysis Report
4th March 2015
CFX Admin
Our Preference: Buy above 0.9580 with target of 0.9660 in extension
Alternative Scenario: Nill
Technical Commentary : In daily chart, Usd/Chf was trading in the Equidistance channel lines and its broken key resistance levels 0.9560 and its moving on towards to test equidistance upper channel line.
In 4 hour chart ,Usd/Chf was trading in equidistance channel lines and broken upper resistance line and now its trading with the support of lower trend line so we can buy near this support line and hold upto next key resistance level :- We have shown in image.
In 1 hour chart,Usd/Chf was moving small triangle pattern but today it will the triangle pattern and it will move towards to next key resistance level.
Xau/Usd : 04/03/2015 Technical Analysis Report
4th March 2015
CFX Admin
Our Preference: Buy positions Above 1198 (or) 1212 with target of 1218 & 1231 in extension and stoploss below 1190.
Alternative Scenario: Nill
Technical Commentary: In Weekly chart and Daily chart ,Gold was trading triangle pattern and its was tested lower trend line and the closing was on higher and yesterday it was tested intraday key support line and closing was on higher side so its conforming that on buying pressure : we have shown in above image.
In 4 hours chart, Gold was trading in Equidistance channel lines and its was trading near upper trend line If its breaks the upper channel line means its started to move for long term buying trend so we can buy above intraday support line @ 1198 level :- we have shown in above image.
In 1 hour chart, Gold was trading in triangle pattern yesterday its tested lower trend line so we can buy near lower trend line :- we have shown in above image.
